Approach

The households the firm serves have little in common on paper. A founder, a performer, an athlete. What they share is the shape of the problem.

Income arrives in unusual shapes. Vesting schedules, back-loaded contracts, residuals, a liquidity event that lands in a single tax year. The money is real, but it does not arrive the way a salary does, and it cannot be planned the way a salary can.

Concentration is the second constant. A single position, or a single employer, often carries most of the balance sheet.

The third is compression. A short earning window has to finance a long life, and that arithmetic changes everything downstream of it.

And complexity tends to arrive faster than the infrastructure to hold it. An adviser here, an agent there, an attorney and a business manager somewhere else, none of them talking to each other. Much of the firm's work is holding the whole picture in one place.

Portfolio management

The firm manages portfolios on a discretionary basis, and in some cases a non-discretionary one. Each engagement begins with an Investment Policy Statement that records the client's situation, objectives, and tolerance for risk. Allocation, selection, and ongoing review follow from that document. Accounts are reviewed at least monthly.

Concentrated positions

Wealth of this kind is often concentrated in a single stock or a single employer. The firm advises on those positions using ordinary instruments: equities, options, exchange-traded funds. The questions are sequence and scale. What to sell, what to hold, and in what order.

Coordination

Clients arrive with accountants, attorneys, agents, and business managers already in place. The firm works with them, and where a household's tax and estate questions touch the portfolio, it coordinates the conversation. The firm does not render tax or legal advice.

Terms

Relationships generally begin at a level of complexity rather than a level of assets. Fees are determined individually, based on the needs of the household, the complexity of the engagement, and other relevant factors, and are set out in each client's advisory agreement and described in Form ADV Part 2A. Assets are held at Schwab and Altruist.